Bitcoin Gains Traction amid Steady Growth in Indonesia
Indonesia, one of the world's most beautiful archipelagoes and travel destinations, has had a consistent increase in bitcoin adoption at popular tourist spots including Bali, Jakarta and Denpasar, since the launch of BitIslands in March 2014. Initiated by the largest Indonesian Bitcoin exchange Bitcoin Indonesia, the project was sponsored by leading....
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While most bitcoin startups are based in developed nations such as the US or the UK, there has been steady growth in developing countries as well. In particular, Indonesia has seen signs of bitcoin gaining traction in the payments and money remittance sector. A report released in the Wall Street Journal revealed that majority of the locals started to use bitcoin online and began to appreciate bitcoin's low transaction fees and speed. Bitcoin exchanges have also opened left and right, allowing investors to profit from price changes in the cryptocurrency. Bitcoin Developments in Indonesia.....
The Indonesian market is experiencing a rise in the number of bitcoin transactions even though the digital currency has no legal status in the country, according to a report from the Jakarta Post. In 2014, Bank Indonesia, the Indonesian central bank, released a statement declaring that bitcoin was not legally recognized as money or legal tender. Yet, despite this, that doesn’t seem to have put people off from using the digital currency as a form of payment. The report from the Jakarta Post states that the number of bitcoin users in Indonesia has risen from 80,000 up to 250,000, with a....
Bitcoin Indonesia, a prominent online Bitcoin marketplace for Indonesian traders and investors, revealed a rapid development in its user base after adding over 170,000 members within 12 months. At the beginning of 2016, Bitcoin Indonesia served 80,000 active users on its marketplace. Tens of thousands of members purchased and sold Bitcoin through Bitcoin Indonesia through simplistic deposit and withdrawal methods such as bank over-the-counter cash settlement and online transfer. Over the past year, Bitcoin Indonesia’s user base grew from 80,000 to more than 250,000 active members. In....
Indonesia saw a massive 1,772% increase in the number of people engaging with articles about crypto, a new survey claims. Amid the ongoing growth in cryptocurrency adoption worldwide, countries like Indonesia and Chile have seen a significant influx of public interest in cryptocurrencies like Bitcoin (BTC), according to new data.According to an Oct. 15 report by Australian blockchain education startup Coinformant, Indonesia has been leading the world in crypto interest dynamics in 2021.The fastest growing crypto hotspots. Source: CoinformantIn Coinformant’s report, Indonesia achieved the....
Indonesia, trailing just behind the United States as the fourth most populous country in the world, has a large and growing bitcoin community. The vast population is 80 percent unbanked, and their Rupiah is one of the most-traded currencies for bitcoin worldwide already. Bitcoin.com interviewed Suasti Atmastuti Astaman, the Business Development Manager....